Zethyr Finance in the YOUHODLER
July 29 2020
Tron was founded by a Singapore-based non-profit organization known as Tron Foundation in September 2017 and it is headed by Justin Sun. It is a decentralized blockchain-based platform aiming to build a free global digital content-based entertainment system with distributed storage technology. It allows sharing digital content in an easy and cost-effective manner.
Tron’s mission is to deliver the content directly from the content creators to content consumers by eliminating the middlemen. It will lead to a cost reduction for the content consumer and higher revenue for the content producer, which is a win-win situation for both.
There are 727 active DApps now and the Tron Dapps ecosystem saw transactions worth 411 million USD in the first quarter of 2020. Here are the top seven Tron DApps that show the strength of the Tron DApp ecosystem:
1. Rocket Game
Rocket Game is the first Tron Dapp offering PVP (Player Vs Player) games and it offers games like Monopoly Dice, Rocket Dice, Mines, Keno, Fruit Machine, Plinko, Hi-Lo, Ring, etc. It supports mining & betting and also offers dividend and contest rewards to the players. The users can start playing on Rocket Game by utilizing the Tronlink wallet and hence, bypassing all registration requirements.
There is no need of using alternative payment methods like credit cards on Rocket Game as you can log into your TronLink wallet and place funds in your Rocket Game playable balance to begin playing on its platform. Rocket Games has 9285 active users and they have seen 14,658,084 transactions with a total transaction volume of 175,515,690.71 USD so far.
2. Poloni DEX – Decentralized Exchange for Tron DApps
Poloni DeX was previously known as TRXMarket and it was the first Tron network-based decentralized exchange in the world. TRXMarket was acquired by Poloniex on November 27, 2019, and since then this Tron DApp has been known as Poloni DeX. All the trades that are carried in the platform are executed in TRX smart contracts.
The users directly use the wallet for transactions and hence, Poloni DeX cannot interfere with user transactions. Poloni DeX aims to be a highly-secured, transparent, fast, and convenient exchange, where all of its transactions are stored on the blockchain.
3. Bankroll Savings Account
Bankroll is a Tron DApp and it aims to offer a permissionless, voluntary, and sustainable universal basic income to its users through its investment contract. The user must download a Tron wallet on their phone or their desktop before using the Bankroll contract. The TX Burn Protection, the Sponsor Box, the Fund Box, and the Claim Box are four blocks that are the key areas interacting with Bankroll smart contract.
Fundbox displays the available sponsorship credits, amount of credits owned, and the number of referrals. The TX burn protection notifies users when their Tron wallet has less than 10 TRX in it and the Claim Box shows the deposits, earnings made by the contract, the reinvested funds, and the user’s withdrawal history.
The Sponsor Box is used for sponsoring others by sending Tron to them. The sponsored Tron turns into credits which helps them earn more Tron. Bankroll has 13,041 active users and they have seen 2,746,010 transactions with a total transaction volume of 17,622,621.85 USD so far.
4. TronTrade Decentralized Exchange
TronTrade is one of the most popular Tron DApps, where it’s users can buy and sell both TRC10 and TRC20 tokens with ease. It is a decentralized exchange whose main aim is to provide a safe and reliable crypto trading experience to its users. They offer 24/7 support and their user community is at the center of their focus.
TronTrade offers BNKR/TRX, WIN/TRX, USDT/TRX, TOPIA/TRX, NOLE/TRX, and IGC/TRX trading pairs to its users. TronTrade has 30,896 active users with a total transaction volume of 319,263,814.37 USD untill now. As per the TronTrade team, “TronTrade acts as a bridge between blockchain projects built on the TRON Network and the crypto community as a whole.”
5. Zethyr Finance
Zethyr Finance is a popular Tron DApp and it is structurally decentralized. It is operated with more than 1300 nodes on the Tron Blockchain and thus, Zethyr is unlikely to have any downtime or any single point of failure.
The users directly interact with a TRON smart contract known as Zethyr Trust for buying and selling tokens. Zethyr Finance aims to offer a truly transparent exchange to the crypto community. The exchange distributes 100% of transaction fees earned through trades executed on its platform to its community, enabling total user control over the governance of the exchange. Zephyr Finance calls themselves as “the #1 DeFi application on the TRON blockchain – enabling TRON users to borrow and lend their TRX profitably.”
Zethyr users can borrow TRX from the exchange in four steps and these are:
- Deposit TRON token to Zephyr Finance’s platform;
- Borrow TRX against your deposited crypto assets. However, the amount of TRX borrowing is limited by the total value of your crypto collateral at the time of borrowing;
- Pay daily interest rate regularly to avoid higher daily interest rate;
- Withdraw your TRON token by paying the loan principal and outstanding interest if any.
Zethyr Finance has 565 total unique users as of now.
Hey! Don’t know what YouHodler is? We are a crypto savings solution for users who want to earn passive interest on their stablecoins or other inactive cryptocurrencies. Check out our savings offering! ✌
888Tron is a utility Tron DApp and its 888 Token is TRC-20 smart contract compliant. The 888 token aids in providing a healthy gaming environment and operations of the platform. 888Tron provides revenue-generating and profit-sharing opportunities to its token holders. 888Tron offers its users games like Dice52, Dice 3D, GrandX, Gonzo’s Quest, Bloodsuckers, Jumanji, Starburst, Book of Ra Deluxe, Secret of the Stones, Highway to Hell, Book of Magic, etc.
888Tron also offers dividends to their users and this system is known as 888 Dividend System. The users are automatically involved in the mining procedure when they place bets on the 888Tron’s platform and they receive 888 tokens against every bet placed by them on the platform.
The profits are accumulated in a smart contract called “Divided Pool” and this pool releases 100% of its accumulated funds every 48 hours. All the users that have held and froze their 888 tokens across the 888Tron network receive 65% of accumulated profits from the Divided Pool.
HyperSnakes is developed by the Mixmarvel development studio. It is one of the first gaming Tron DApp to be supported by the TRON Arcade Fund, which has $100 million in its kitty for growing the TRON ecosystem. HyperSnakes is a blockchain-based multiplayer game available globally.
Hypersnakes offers both free and paid options to its players. The players that opt for free-to-play mode are rewarded for playing the game and participating in missions and daily quests. The players willing to spend can play in premium rooms where they can earn some TRX from the reward pot based on their performance.
HyperSnakes has 85,661 unique users with a total transaction volume of 1,993,894.62 USD as of now.
Article from: https://www.youhodler.com/blog/top-7-tron-dapps-2020